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Buying the perfect home that’s move-in ready may be more elusive than many people think. A shortage of quality listings is forcing some South Floridians to buy lesser homes and renovate. While home renovations are nothing new, today’s buyers are struggling to find exactly what they want, so they’re lowering expectations and rolling up their...
The Miami new construction market continued its solid 2016 performance in July, according to new numbers from Dodge Data & Analytics. In July, Miami saw more than $854 million in total residential construction spending, a pronounced 18 percent decline from July 2015. Year-over-year numbers, though, are notoriously erratic, and indeed, Miami’s year-to-date...
SocialMiami’s Social Season Preview will give you a quick overview of what to expect during the 2016-2017 season. Non-profits can also use the Preview as a tool to help plan their important events during the year. If your event is not listed, just send the information to Melanie. The Social Season Preview will be continually updated, redistributed and...
Equity markets have shown a surprising post-Brexit bounce. Even more noteworthy has been the stronger performance in global real estate. We have added risk in our tactical asset allocation. In addition to extending our equities overweight position from small to medium, we upgraded real estate from neutral to a small overweight. Market dynamics such as...
One of the central appeals of Miami as a destination city, apart from its culture and beaches, has been its persistent affordability, even through major growth. For the most part, the city still has that, a report from ATTOM, parent company of RealtyTrac, recently confirmed. In its 2016 affordability index, in which a score of 100 equates to baseline...
North Miami-based IMC Equity Group now owns more than $1 billion in real estate after its $18 million acquisition of West Sunset Square in West Kendall. RREF WSS Acquisitions, an affiliate of Lennar Corp. (NYSE: LEN) subsidiary Rialto, sold the retail center at 15785 S.W. 72nd Street with about 65,000 square feet of leasable space to an affiliate of IMC Equity...
